U.S. Direct-to-Consumer Laboratory Testing Market Projected to Reach $3.91 Billion by 2030, Reveals Exclusive Report by Meticulous Research®

[Redding, California, 12-03-2024] - Meticulous Research®, a premier provider of market intelligence, unveils its latest report, "U.S. Direct-to-consumer (DTC) Laboratory Testing Market: Application, Sample Type, and Forecast to 2030." The report anticipates that the U.S. direct-to-consumer laboratory testing market will surge to a value of $3.91 billion by 2030, showcasing a commendable CAGR of 10.4% from 2023 to 2030.

Direct-to-consumer laboratory testing allows consumers to order tests independently, bypassing traditional healthcare providers. Samples collected from consumers are processed in laboratories, with results delivered directly to the consumer.

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The growth trajectory of the U.S. direct-to-consumer laboratory testing market is propelled by various factors, including the escalating incidence of chronic and sexually transmitted diseases, increased disposable income, heightened consumer awareness, rising interest in personal health management, and the advantages offered by DTC laboratory testing such as convenience, affordability, and accessibility. Furthermore, factors like soaring healthcare costs, growing awareness of ancestry/genealogy testing, an aging population, and the allure of predictive testing contribute to market expansion. While the adoption of telehealth, expansion in emerging economies, and the penetration of pharmacogenomic testing in DTC laboratory testing present growth opportunities, challenges such as genetic data privacy concerns, misinterpretation of test results, and lack of professional medical counseling are to be addressed.

The report provides an exhaustive assessment of product portfolios, geographical analysis, and key growth strategies adopted by leading market players over the last three to four years. Notably, the direct-to-consumer laboratory testing market has witnessed significant organic and inorganic strategic developments.

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Key Players in the U.S. Direct-to-Consumer Laboratory Testing Market:

Quest Diagnostics Incorporated (U.S.),Laboratory Corporation of America Holdings (U.S.),EverlyWell, Inc. (U.S.),DirectLabs, LLC (U.S.),Ancestry.com, LLC (U.S.),23andMe Holding Co. (U.S.),MyMedLab, Inc. (U.S.),ANY LAB TEST NOW (U.S.),LetsGetChecked, Inc. (U.S.),Myriad Genetics, Inc. (U.S.)

Shift from Physician-driven to Consumer-driven Healthcare:

The rise of digitalization and internet accessibility has empowered consumers, shifting healthcare dynamics from clinician-driven to consumer-driven. Consumers now play an active role in personal healthcare decisions, facilitated by increased access to healthcare information. DTC laboratory testing allows consumers to take charge of their health by directly ordering tests online or purchasing them from pharmacies without prescriptions, thereby enhancing accessibility through non-invasive sampling methods.

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Market Segmentation:

Application: Genetic Testing (Ancestry/Genealogy, Disease/Risk Assessment), Diabetes Testing, Routine Clinical Testing, Thyroid Function Testing, Sexually Transmitted Disease Testing, and Other Applications.

Sample Type: Blood, Saliva, Urine, and Other Samples.

Among applications, genetic testing dominates the market, driven by factors like increasing health awareness, curiosity about ancestry, disease prevalence, and demand for personalized testing services. Blood samples are the most prevalent sample type, offering insights into various health aspects such as diabetes, thyroid function, and sexually transmitted diseases.

Scope of the Report:

The report provides a comprehensive analysis of the U.S. Direct-to-Consumer Laboratory Testing Market, including detailed segmentation by application and sample type.

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This release was published on openPR.